As he defended the bank’s $9.8 billion profit before a parliamentary inquiry on Thursday,CBA boss Matt Comyn also called for an overhaul of the tax system.
Curtis McNulty stole more than $53,000 from PayPal while working for the bank in Sydney,mainly by using fraudulent refunds for items such as $3000 sneakers.
While a significant number of businesses are struggling,60 per cent of companies say they are planning to expand in the next year,a survey shows.
The Commonwealth Bank of Australia has cut interest rates on home loans for new borrowers,days after the nation’s largest lender was criticised for slashing the rate on term deposits.
The biggest company on the ASX is a critical bellwether for the economy. Beneath the bank’s headline $9.8 billion profit,a few points stood out.
“$$landed,” a manager at the Commonwealth Bank texted days before receiving a bribe. Jon Waldron is awaiting his sentence for taking $US2 million in kickbacks.
Matt Comyn is expecting some relief for households over the next year after a post-pandemic downturn that has depleted household savings to historic lows.
Investors are highly anticipating the release on Wednesday of CBA’s full-year results,which are widely seen as a bellwether for the health of the broader economy.
This week’s Bulls N’ Bears Runner of the Week is … the ASX itself. The ASX 200 hit a record high of 8083.7 points as the top end of town continued to flourish.
A banker who sees numbers for 775,000 enterprises nationally “wouldn’t have the guts” to do it – but for the determined,she recommends ticking these four boxes.
Young people have been cutting back on items such as groceries and health insurance,while over-65s have increased spending in almost every category.